The bill: requires Government boards to comprise of at least 40 per cent men and 40 per cent women; and provides for annual reporting requirements in relation to the gender composition of Government boards.

to provide statutory authority for the Commonwealth to provide assistance to other countries to carry into effect arrangements for the processing and management of unauthorised maritime arrivals who have been taken to regional processing countries, including the expenditure of Commonwealth money on these arrangements.

to: provide tax relief to taxpayers entering into certain arrangements in relation to mining, quarrying and prospecting rights and information; and amend the company loss recoupment rules;

Income Tax Assessment Act 1997

to extend the effective life of in-house software from four to five years; and

Income Tax Assessment Act 1997

,

Income Tax (Transitional Provisions) Act 1997

and

Taxation Administration Act 1953

to provide income tax look-through treatment for instalment warrants, instalment receipts, and other similar arrangements, and for certain limited recourse borrowing arrangements entered into by regulated superannuation funds.

to: provide a 5 per cent tax offset (capped at $1000 per income year) to individuals who run small businesses with an aggregate annual turnover of less than $2 million, or who have a share of a small business’ income included in their assessable income; and enable small businesses and individuals to immediately deduct certain costs incurred when starting up a business; and

Fringe Benefits Tax Assessment Act 1986

to extend the fringe benefits tax exemption that applies to employers that provide employees with work-related portable electronic devices.